Baby boomers are unlikely advocates for tearing down the country's gerontocracy, new polling indicates.
Baby boomers surveyed by Morning Consult/Insider were wildly in favor of instituting congressional term and age limits.
A hefty majority of baby boomers polled also said it would be good if more millenials and Gen Xers were in Congress.
One of the nation's oldest and most-storied generations — baby boomers — is a surprising proponent of tearing down the United States' gerontocracy, according to a new Morning Consult/Insider poll.
Survey results indicate that baby boomers — born between 1946 and 1964 — don't generally think Congress represents its best interests, and the group was quick to support ideas to limit how much influence elder members can have.
Baby boomers were enthusiastic about the idea of instituting an age limit for members of Congress, with nearly eight in 10 baby boomers saying they supported the idea.
Baby boomers were also wildly in support of adding term limits to members of Congress — nine in 10 respondents said they'd support term limits for members of the House and Senate.
And despite being on the older side themselves, more than eight in 10 baby boomers also said they think the current age of political leaders in the country was either a "major" or "minor" problem.
The survey is part of Insider's "Red, White, and Gray" project, which explores the ongoing gerontocracy in the US and its ramifications for a younger generation.
When asked what the generation's most important political issues were, baby boomers said the economy and inflation were the generation's clear top two. But when asked if they thought Congress was in touch with their needs on the two issues, baby boomers didn't hold back.
Seven in 10 baby boomers surveyed said they thought Congress was either "very" or "somewhat out of touch" with the needs of its generation regarding inflation. Nearly seven in 10 said the same about how the legislative body handles the economy.
According to an Insider analysis, Congress is as old as it's ever been, with nearly one in four members aged 70 or older.
Additionally, two of Congress' leaders, Speaker of the House Nancy Pelosi and Senate Minority Leader Mitch McConnell, are 80 years old or older and members of the Silent Generation, a cohort whose members were born before the end of World War II.
Polling found that the generation was also in support of more representation of younger generations in Congress.
Three-fourths of baby boomers polled said it would be a "good thing for the country" if more Gen Xers — born between 1965 and 1981 — were represented in Congress.
Two-thirds said the same thing about millennials.
The Insider/Morning Consult survey was conducted from September 8 through September 10, and had 2,210 respondents and a margin of error of +/- 2 percentage points.
]]>https://briefnews.eu/opponents-of-old-people-dominating-the-government-have-an-unlikely-ally-baby-boomers/feed/0GOLDMAN SACHS: Chinese tech giants are dominating North America in VC funding for the first time, and it could be the start of an unprecedented boom (BABA, BIDU, JD)
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Chinese companies outpaced their American counterparts in venture-capital funding for the first time during the second quarter, according to Goldman Sachs.
Tech giants and Softbank contributed the most to this milestone.
According to Goldman’s analysts, Chinese tech giants including Alibaba and Baidu are creating ecosystems with unprecedented influence to develop new technologies and business models.
Chinese companies have outpaced their North American rivals in funding startups for the first time — even as the country’s economy shows signs of slowing down.
In the second quarter, China-based companies recorded $ 30.9 billion of venture-capital investment, higher than North America’s $ 27.2 billion, according to data from Goldman Sachs. See the rest of the story at Business Insider
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https://briefnews.eu/goldman-sachs-chinese-tech-giants-are-dominating-north-america-in-vc-funding-for-the-first-time-and-it-could-be-the-start-of-an-unprecedented-boom-baba-bidu-jd/feed/0‘Neymar wasn't the dominating force, Fellaini was incredible’ – Schmeichel on Brazil World Cup exit
https://briefnews.eu/neymar-wasnt-the-dominating-force-fellaini-was-incredible-schmeichel-on-brazil-world-cup-exit/
https://briefnews.eu/neymar-wasnt-the-dominating-force-fellaini-was-incredible-schmeichel-on-brazil-world-cup-exit/#respondFri, 06 Jul 2018 21:54:45 +0000http://briefnews.eu/neymar-wasnt-the-dominating-force-fellaini-was-incredible-schmeichel-on-brazil-world-cup-exit/Peter Schmeichel has heaped praise on Belgium’s towering midfielder Marouane Fellaini following their 2-1 World Cup quarter-final win over Brazil, but criticized Neymar for his lack of impact in the match.
RT special World Cup host Schmeichel claimed it was no surprise Belgium had beaten Brazil due to their quality throughout the squad, but that Brazil were “unlucky” to concede a Fernandinho own goal that opened the scoring.
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“I said right at the beginning they would cause problems for anyone,” Schmeichel said.
“The squad they have, the players they have available it’s no surprise, no one can be surprised about this. Brazil played better today than I’ve seen them in the whole tournament, but ironically they go out on that performance.”
“I thought defensively they were very unlucky on the first goal it’s just got a little flick off Kompany which the hits the arm of Fernandinho and goes in and it’s what happens in football and they didn’t recovery from that and the they find themselves two-nil down at half time.”
Brazil made three second-half changes which saw Roberto Firmino, Douglas Costa and Renato Augusto enter the field of play. Schmeichel complimented the substitutions from Brazil coach Tite, especially as Augusto managed to pull one back for the side after Kevin De Bruyne doubled Belgium’s lead.
However, the former Denmark and Manchester United stopper admitted that although the tournament was “saying goodbye to one of the better sides,” he expressed his disappointment in Neymar’s performance.
Schmeichel has previously referred to Neymar as Brazil’s “problem child” and again singled out the 26-year-old, who exited the tournament scoring just two goals in four games, for criticism yet again, claiming he was overshadowed by Man United man Fellaini.
“We looked to Neymar to say this is your opportunity to show how good you are. We had little sniffs. We had a situation where he gets the ball on the left hand side, he passes it inside the box to Firmino, Firmino has a shot, it goes just over and Neymar also had a shot in 90 minutes plus three which Thibaut Courtois tips over fantastically, but other than that, he was not the dominating figure in this team tonight,” Schmeichel said, before going on to praise the construction and setup of the Belgian side, in particular Fellaini.
“Fellaini for me today was incredible. He’s big, awkward, he can run, a lot of people, they look at Fellaini and they see something different or someone they can’t believe that he’s like that, but technically he’s very good. He came on the other day and changed the game, Chadli did that today.”
Roberto Martinez’s Belgium side now go on to face France, who beat Uruguay 2-0 in Nizhny Novgorod, in the first semi-final game in St. Petersburg on Tuesday. The victory means only European teams remain in the 2018 World Cup.
]]>https://briefnews.eu/neymar-wasnt-the-dominating-force-fellaini-was-incredible-schmeichel-on-brazil-world-cup-exit/feed/0Panera almost killed its delivery test 4 years ago — now it’s dominating the industry and rolling out across the US
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https://briefnews.eu/panera-almost-killed-its-delivery-test-4-years-ago-now-its-dominating-the-industry-and-rolling-out-across-the-us/#respondTue, 08 May 2018 04:36:06 +0000http://briefnews.eu/panera-almost-killed-its-delivery-test-4-years-ago-now-its-dominating-the-industry-and-rolling-out-across-the-us/
]]>https://briefnews.eu/panera-almost-killed-its-delivery-test-4-years-ago-now-its-dominating-the-industry-and-rolling-out-across-the-us/feed/0Jose Mourinho reveals what Man Utd must do to stop Man City dominating English football
https://briefnews.eu/jose-mourinho-reveals-what-man-utd-must-do-to-stop-man-city-dominating-english-football/
https://briefnews.eu/jose-mourinho-reveals-what-man-utd-must-do-to-stop-man-city-dominating-english-football/#respondSat, 17 Mar 2018 03:42:39 +0000http://briefnews.eu/jose-mourinho-reveals-what-man-utd-must-do-to-stop-man-city-dominating-english-football/
And Mourinho has told his Manchester United players that they need to “grow up” if they are to stand any chance of overtaking their neighbours.
In the aftermath of the shock Champions League exit to Sevilla, United manager Mourinho launched into an emotional 12-minute rant in defence of his 22-month managerial reign.
He claims Pep Guardiola inherited a far better City squad than he did at United and says the £286m he has spent so far was necessary just to try and keep pace with them.
He said: “If the clubs that are in better situation than us, if they stop investing and we keep investing – not just in spending, but also in information and time – we are side by side. But if they keep investing the same or more than us, it’s difficult. It’s as simple as that.
“We will try but the reality is that some clubs, they were more ready to win. Other clubs are not ready to win. One thing is to go for the jugular and another is to build a different process.”
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Jose Mourinho’s side are losing touch with Man City
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Since their last Champions League final appearance in 2011, United have spent £706m – around £200m less than City in the same period.
Ahead of the FA Cup quarter-final against Brighton, Mourinho has warned his stars they need to deal with the scrutiny they are under.
He said: “The players have to learn how to cope with that level of expectation and that level of pressure.
“They have to survive and when they survive they become stronger. An easy life with the fans not upset and no critics, that’s not good. If you want to make a real top team with a top mentality, you need to grow up.”
And Mourinho used his time-honoured diversionary tactics to explain away the shock Champions League exit to Sevilla.
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He swerved any admission that he got his team selection and approach wrong and failed to explain why his team played as if the handbrake had been applied.
Instead, Mourinho went on the attack, laying the blame on his current players, his two predecessors David Moyes and Louis Van Gaal for their poor recruitment, and told the fans and critics to take a reality check.
And he claimed arch-rival Pep Guardiola started off in a far stronger position at champions-elect Manchester City than he did when he arrived at Old Trafford in the same summer.
In scenes reminiscent of Rafa Benitez’s infamous “facts” rant in 2009, Mourinho delivered an emotional 12-minute state of the nation speech aimed at defending himself against the growing army of fans and former players who are questioning whether he is the right man to take United forward.
But in doing so he unintentionally damned his own transfer policy by naming only Romelu Lukaku and Nemanja Matic of the eight players he has bought in a £286m spending spree as examples of the better quality players he will leave his successor.
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Jose Mourinho gave a bizarre press conference on Friday
Pointedly, he failed to mention the club’s £89m record buy Paul Pogba, or new arrival Alexis Sanchez, United’s highest-paid player, both of whom have been huge disappointments so far.
And in an attempt to big up United’s conquerors Sevilla – widely regarded as one of the weakest teams in the Champions League’s last 16 – he claimed he would love to have “many” of their players in his side.
He talked repeatedly of “football heritage”, pointing out that United had reached one Champions League quarter-final under four different managers since their last appearance in the final, and finished in the Premier League’s top four only once in four seasons. He claimed he was still in a rebuilding process and will leave his successor a far better squad than he inherited from Van Gaal.
“One day when I leave, the next Manchester United manager will find here Lukaku and Matic,” he said. “They will find players with a different mentality, quality, background, with a different status, know-how.”
Without naming them, he then referenced the players he has released during his 22 months in charge – Memphis Depay, Morgan Schneiderlin, Adnan Januzaj and Bastian Schweinsteiger – and effectively said: “Where are they now?”
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Pep Guardiola’s side could win three trophies this season
“Some of the players who left Real Madrid like Callejon and Albiol are top players for Napoli,” he added. “See the players who are not here. See where they play, how they play, if they play.”
In pointing to the quality of players Guardiola inherited from his predecessor Manuel Pellegrini, he failed to acknowledge the improvements they have made under the former Barcelona coach.
“Do you know what is also heritage? It is that Nicolas Otamendi, Kevin De Bruyne, Fernandinho, Sergio Aguero, Raheem Sterling and David Silva are all investments from the past, not from the last two years.”
Despite admitting it is going to be a huge challenge to stop City’s dominance, Mourinho dismissed suggestions he is ready to jump ship for an easier life with Qatar-backed Paris St Germain.
He insists he retains the backing of United’s American owners, the Glazer family, and executive vice-chairman Ed Woodward and will not change the methods that have made him one of football’s most successful if controversial managers.
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Alexis Sanchez has struggled to make an impact at Old Trafford
“I could be in another country with the league in my pocket before the season even starts, but I am here and I am going to be here and no way am I going to change my mentality. I am not going to run away because of a few boos.
“The amazing feeling for me is that I am exactly on the same page as the owners and Mr Woodward. We agree on everything, on the investments, that we have what we have, the investments that we are going to do will be season after season, so life is good. I have an amazing job to do.”
It was apt that Mourinho should finish his extraordinary outburst by saying: “There is a saying I like: ‘Every wall has a door’.”
He must feel he is running into a brick wall – with Manchester City’s name splashed all over it.
]]>https://briefnews.eu/jose-mourinho-reveals-what-man-utd-must-do-to-stop-man-city-dominating-english-football/feed/0Why 5G isn’t dominating CES 2018, but will rule CES 2019
https://briefnews.eu/why-5g-isnt-dominating-ces-2018-but-will-rule-ces-2019/
https://briefnews.eu/why-5g-isnt-dominating-ces-2018-but-will-rule-ces-2019/#respondWed, 10 Jan 2018 23:01:20 +0000http://briefnews.eu/why-5g-isnt-dominating-ces-2018-but-will-rule-ces-2019/
A classic riddle asked, “what’s everywhere and nowhere at the same time?” At CES 2018, the answer is 5G, the hugely important, just-approved standard for upcoming cellular devices. Days before the show began, companies told us that 5G was important enough to touch all of their product announcements, and we expected to hear from all the major U.S. carriers, not to mention the world’s hardware manufacturers. But apart from some small-scale demos, there’s little 5G technology on the show floor.
The reason was explained during today’s CES panel discussion, Mobile Innovation: How 5G Will Enable The Future — despite finalization of the 5G standard, a series of successful tests, and 2018 deployment plans from two of the four major U.S. carriers, the hardware is simply not ready yet. But it will be soon, so let’s go over what’s coming to the market.
What is 5G?
Multiply the speed of your current data connection 10 to 100 times, cut responsiveness delays (latency) to “imperceptible,” improve the security, and radically increase each network’s size — those are the promises of fifth-generation (5G) cellular technology.
Powered by higher-bandwidth radio signals, multiple antennas working together, and faster processors, 5G is expected to blur the line between wired broadband and wireless connections. At Samsung’s press event earlier this week, executive Tim Baxter called 5G “putting fiber [optic cabling] into your pocket,” though the scope of 5G is meant to be far larger than pocket devices.
Just how ubiquitous will 5G really be?
If you believe AT&T, Qualcomm, Samsung, T-Mobile, and Verizon, 5G wireless is going to impact virtually everything, including devices and industries that were only lightly touched by cellular service in the past. At the CES panel discussion, Qualcomm’s Cristiano Amon said that with 5G, “everything is going to be wireless, not just mobile but basically everywhere,” for the first time including “mission critical services.” Verizon’s Hans Vestberg opined that 5G “will transform industries and societies, which is the big point.” But how?
High bandwidth: Will let 5G replace broadband cable service, enabling streaming of even 4K VR/AR and 8K videos
Low latency: Will enable autonomous cars to constantly coordinate with traffic systems and other vehicles
Security: Has been baked into 5G from the start to guarantee that vehicles cannot be taken over and weaponized
Larger networks: With plenty of spare capacity will host millions of internet of things (IoT) devices, including low-bandwidth appliances that will intermittently connect to the internet
Greater scale: Will enable big public and privately-owned spaces, including entire cities, hospitals, and manufacturing plants, to come online for remote access, including everything from cameras to computer systems and small devices within the spaces. The intention and design of 5G was initially be commercial, such that connected, automated businesses could be managed remotely using 5G.
It’s easy to predict all of these things, but will they really happen? The panel suggested that adoption of 5G as a technology will likely be faster than it was with 4G, given how many people are now connected and demanding services.
Moreover, 5G has serious potential to change society. During the CES panel, Qualcomm’s Amon mentioned how much 4G smartphones have changed just the banking industry: today, the average person does more banking in an app than at a physical branch. The speed, reach, and scale of 5G services will make people expect more.
Baidu COO Qi Lu explained during the CES panel that the impact of 5G video will be huge, “replacing a lot of written language communications” over time. He also expects conversational AI, automated cars, and the public-private infrastructure designs of near-future cities to be radically enhanced by 5G.
What are Fixed 5G and Mobile 5G?
A key dividing line right now separates “Fixed 5G” — 5G service to be used exclusively at a home, business, or school — from “Mobile 5G,” which would be available as you move between locations outdoors or in various forms of transportation. T-Mobile has claimed that AT&T and Verizon are focusing primarily on offering Fixed 5G, which will arguably be easier to implement, rather than Mobile 5G, which faces some unique technical hurdles.
AT&T appears to be disputing that claim, and says that it will begin a Mobile 5G rollout in 12 markets later in 2018. At the panel event, Verizon’s Hans Vestberg appeared to confirm T-Mobile’s suspicion, noting that Verizon’s planned 3-5 market rollout in 2018 will focus on residential broadband using pre-standard 5G hardware, so it can develop confidence in 5G enabling technologies and networks. But despite the small size of its initial rollout, “Verizon will be first, and that is what’s most important,” said Vestberg.
What are some key 5G technologies?
Bringing 5G to life requires both new technologies and major updates to established ones. Here are the ones you need to know about.
Radio Waves and Radio Devices
If you’ve ever heard a reference to your phone’s “cellular radio,” that’s because cellular technology depends upon transmitting and receiving radio waves. The further you get from a “cell” or “cell tower,” an antenna-laden box that transmits data to and from the internet, the more power your phone’s radio will use trying to communicate with the tower.
Just like when 4G or LTE replaced 3G, and when 3G replaced 2G or EDGE, carriers will need to install new 5G radio hardware on towers to support new devices that will be receiving and sending data across hitherto-unused radio frequencies. On the broadcasting side, Qualcomm is offering a “tunable” radio solution that can be adjusted to work across thousands of possible frequencies, wideband or narrowband, to accommodate the 4G to 5G transition. New radio chips and antennas inside devices will also be needed.
Millimeter Wave Broadcasting
You might have heard of millimeter waves at airport screening areas, and — based upon their use alongside backscatter X-ray scanners — might further be concerned about their radiation impact when used everywhere to provide 5G wireless service. They’re separate technologies. Studies suggest that millimeter waves have no impact on organic matter; the same has been said for existing wireless radio waves.
Millimeter waves have been chosen for 5G because they’re particularly good at carrying large quantities of data (1-5Gb/second) over 1,000-2,000-foot distances using very little power, and because millimeter wave spectrum is wide open across the world. But these waves aren’t great at penetrating buildings, generally requiring “line of sight” connections between their broadcasting and receiving points. They can be scattered by objects and even rain, though Verizon’s Vestberg said that tests of millimeter wave transmissions across line-of-sight and half-line-of-sight scenarios “proved surprisingly better than we thought.” Still, 5G providers will need…
Multi-Frequency Support
Low-, mid- and high-frequency radio waves will all be used to distribute 5G data; low-frequency waves (say, 600mHz) can easily penetrate buildings and offer some bandwidth improvements over mid-frequency (1900mHz) waves, while high-frequency waves (60,000mHz) can’t penetrate buildings or objects, but work over long distances. Mid-frequency waves, commonly used in cellular devices today, compromise between the extremes.
T-Mobile has been buying up low-frequency spectrum across the United States, promising to use it for coast-to-coast 5G communications. But it acknowledges that 5G will likely require low-, mid-, and high-frequency radio spectrum. During the panel discussion, Qualcomm’s Amon said the same thing, suggesting that there will be “upper bands,” “sub-6” (lower) bands, and “refarming of existing bands” in the middle to support 5G. “5G is not about a millimeter wave choice or a [low-frequency] choice,” said Amon, “it’s about all of it. It’s a Gigabit LTE foundation, overlaid with a more dense millimeter wave, units of Gigabit, tens of Gigabit, all these systems working as one.”
What’s the holdup?
U.S. carriers are itching to plant their 5G flags across the United States, but the hardware isn’t finished yet. As Qualcomm’s Amon noted, 40 companies came together to accelerate 5G standardization, and a “major Christmas gift was the 3GPP approval” of the first 5G standard. But despite the rush, there aren’t yet final chips or devices. Amon said that he hoped one year from now to “be demonstrating a Snapdragon-powered 5G phone on a live network” at CES, which suggests Qualcomm isn’t expecting to ship mobile 5G products in 2018.
Today, companies can build prototype devices with prototype chips and antennas to test on prototype networks, but until the 5G standards are finished, chips and antennas can’t be finished. Until those are available in large quantities, actual products can’t be shown or released. That development-to-release cycle will easily take 1-2 years, depending on the product.
Testing of fixed and mobile 5G products has been underway for some time, and Baidu’s Lu suggests that work and testing conducted largely in the United States will spread to China and elsewhere in the world throughout 2018. U.S. carriers are largely talking about 2018 as a “road to 5G” year where bridge technologies such as faster LTE Advanced data and Massive MIMO antenna arrays will be deployed before 5G arrives; Verizon’s Vestberg said that 2018 will be a year when the 5G ecosystem develops and tests products to get them working together.
Notably, South Korea, despite an aggressive early 4G deployment, hasn’t started a 5G rollout. And European announcements probably won’t be made until next month’s Mobile World Congress in Barcelona, at the earliest.
When is 5G actually coming, then?
Despite AT&T’s pre-CES announcement of 12 mobile 5G deployments later in 2018, and Verizon’s commitment to start the first of its fixed 5G deployments before AT&T, the panelists appeared to concur that 5G won’t meaningfully roll out until 2019 or 2020.
Qualcomm’s Amon suggested that “flagship smartphones” could be on shelves by early 2019 so that the first consumers can start transitioning to 5G. So it makes some sense that T-Mobile is promising its full 5G rollout in 2020 with initial deployments in 2019 — it’s just being realistic.
In other words, stay tuned for CES 2019, which should be 5G’s real opportunity to shine. This year’s mostly just about laying the foundation.
]]>https://briefnews.eu/why-5g-isnt-dominating-ces-2018-but-will-rule-ces-2019/feed/0‘Star Wars: The Last Jedi’ Dominating Christmas Box Office, But Audiences May Be Waning
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https://briefnews.eu/star-wars-the-last-jedi-dominating-christmas-box-office-but-audiences-may-be-waning/#respondTue, 26 Dec 2017 13:30:21 +0000http://briefnews.eu/star-wars-the-last-jedi-dominating-christmas-box-office-but-audiences-may-be-waning/
In just one week, Star Wars: The Last Jedi pulled in $ 296 million at the domestic box office. With the Christmas weekend ahead of us, the sci-fi sequel will have no problem dominating the box office despite the onslaught of new releases that include Jumanji: Welcome to the Jungle, Pitch Perfect 3, Downsizing, The Greatest Showman and Father Figures, not to mention a limited release of Steven Spielberg’s The Post.
However, it should be noted that even though Star Wars: The Last Jedi is raking in plenty of cash at the box office, it’s not holding onto anywhere near as large of an audience as Star Wars: The Force Awakens did. In fact, The Last Jedi is retaining even less of its opening day audience than Rogue One: A Star Wars Story.
Find out more about the Star Wars: The Last Jedi box office below.
Over the four-day weekend, Deadline says Star Wars: The Last Jedi is estimated to pull in $ 102 million from 4,232 screens. That number is a prediction based on how much the movie took in on Friday. That should take the total to over $ 400 million, and that’s just the domestic box office. Those are some great numbers, but the movie is still performing 28% behind its predecessor, The Force Awakens.
That’s not necessarily surprising since the return of Star Wars with The Force Awakens was such a big deal in 2015. At the time, it had been 10 years since we had a Star Wars movie, and The Force Awakens was the beginning of a new era of Star Wars. Of course, once some audiences got a taste of what this new trilogy was going to be like, they weren’t necessarily on board for more. Sequels frequently earn less than their predecessor, and that’s exactly what happened with The Last Jedi.
However, what’s potentially worrisome is that The Last Jedi isn’t holding onto as much of its opening day audience. Or as Forbes reports, The Last Jedi has the worst daily holds numbers of any Star Wars movie ever. As of Wednesday, December 20, after six days of release, The Last Jedi had retained only 16 percent of its opening day gross. That’s lower than every other Star Wars movie across the board, even Rogue One. In fact, that’s even lower than Justice League‘s daily holds, which held on to 27 percent of its opening day gross on the sixth day of release.
One possible explanation is the lower daily holds numbers come from the fact that The Last Jedi has arguably been the most divisive Star Wars movie ever made. Fans are debating the movie all over the web (we’ve had articles arguing both for and against the success of the sequel), and that means less repeat viewers. It would certainly explain why Forbes reports the movie dropped 76.4 percent Friday-to-Friday. But even so, The Last Jedi had a smaller opening-to-day-eight drop than both Attack of the Clones and Revenge of the Sith, which dropped 78 percent and 81 percent respectively when they were released on a Thursday like The Last Jedi.
Again, let’s not forget that Wednesday saw the release of all those new releases we just mentioned, and even more people were seeing them this holiday weekend. When The Force Awakens hit theaters, it didn’t have to contend with five new wide releases pulling at a variety of audiences with several family friendly options like Coco, Ferdinand and Wonder still available. Though The Last Jedi will have an easy time beating all of them at the box office, all those movies are still making money (Jumanji: Welcome to the Jungle will take in roughly $ 60 million over the four-day weekend), which means less people will be seeing The Last Jedi.
While the daily holds drop is certainly disappointing news to hear, this doesn’t mean that The Last Jedi won’t turn a profit for Lucasfilm and Disney. However, it could possibly mean that the future of Star Wars could be on a little shakier ground than some thought. Some fans may wash their hands of Star Wars after The Last Jedi and opt not to see how the last chapter in the trilogy concludes. Then again, those who fell wronged by The Last Jedi may return for Episode IX to see if J.J. Abrams can save the day, so to speak.
No matter what happens, Star Wars isn’t going anywhere anytime soon. Star Wars: The Last Jedi director Rian Johnson has a whole new trilogy in the works that takes place outside of the Skywalker saga that will have unfolded over nine movies when all is said and done. Will audiences be as interested in the new trilogy as they are the three-trilogy saga that came before it? We’ll just have to wait and see.
]]>https://briefnews.eu/star-wars-the-last-jedi-dominating-christmas-box-office-but-audiences-may-be-waning/feed/0One key metric shows how Netflix is dominating Hollywood
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Netflix made more movies than any traditional Hollywood studio this year.
The company plans to ramp up production of original content even more.
Netflix, Inc. pioneered the concept of binge-viewing by releasing entire seasons of television programs at once. Watching multiple episodes at a sitting, or an entire season has proved wildly popular with consumers feasting on original programs like Stranger Things and House of Cards, as well as licensed content like Breaking Bad and Mad Men.
The company has similar aspirations for major motion pictures. Netflix is on track to release 50 original movies in 2017 but plans to ramp up its film slate next year. During the 2017 third-quarter conference call, chief content officer Ted Sarandos revealed that Netflix plans to debut an astonishing 80 feature films in 2018. These movies could be as small as a “million-dollar Sundance hit,” or as big as Bright. The David Ayer-helmed dystopian fantasy starring Will Smith, about a world where humans and mystical creatures co-exist, cost an estimated $ 90 million to produce and will be available for worldwide streaming later this month.
Releasing 80 movies in a year puts Netflix on a scale similar to many storied backlots in Hollywood. Is the streaming giant morphing into a major movie studio?
Lapping the competition
A review of the film slates of some of the biggest movie studios will help put this in perspective:
The 50 films Netflix plans to release this year are more than any major studio released last year, and 80 will simply dwarf the competition in 2018.
Quantity doesn’t necessarily mean quality
Just because Netflix will put out the most movies doesn’t necessarily mean they’ll all be good — and the company has produced its share of high-profile flops. Fans had high expectations for productions like Death Note, War Machine, and Crouching Tiger, Hidden Dragon: Sword of Destiny, but they were widely panned by critics.
That’s not to say they’ve all been bad. Other features like Okja, The Meyerowitz Stories (New and Selected), and Mudbound were all rated “Certified Fresh” by rating site Rotten Tomatoes.
Just getting started
At Recode’s annual Code Conference earlier this year, Netflix CEO Reed Hastings addressed why the company’s movie offerings hadn’t enjoyed the same success as its TV shows:
Binge-viewing is a very novel thing that we pioneered, and there’s no movie equivalent… [With] things like Breaking Bad, it was transformative to be able to go back to the beginning and binge-view it. So we concentrated on where we had the most competitive advantage, that’s binge-viewing. … I think it’s fair to say we’ve been amazingly successful at series, and we’re just getting started on movies.
Hasting also pointed out that a multi-episode series gives creators more time to flesh out their characters than one 90-minute movie.
Netflix plans to spend between $ 7 billion and $ 8 billion on programming in 2018, and over the next few years to have 50% of its content be original productions, with the remainder consisting of licensed movies and TV shows. Reaching that goal will entail producing a high number of feature films.
Still just being Netflix
While Netflix has no plans to become a major movie studio, it will continue to create a significant number of movies. The increasing budget for programming is a result of the worldwide reach and economies of scale that the company enjoys.
The platform has been a hit with consumers. In its 2017 third quarter, total subscribers surged to 109 million, up 26% over the prior-year quarter. Netflix has been able to parlay its streaming popularity into financial success. Revenue jumped to $ 2.98 billion, up 30.3% year over year, while net income of $ 130 million grew 150% from the previous period.
The money the company is spending on content now will help it continue to grow its subscriber base, and an increasing contribution margin will continue to delight shareholders as well.
Danny Vena owns shares of, and The Motley Fool owns shares of and recommends, LGF-A, Netflix, and DIS. Danny Vena has the following options: long January 2018 $ 80 calls on DIS. The Motley Fool owns shares of and recommends LGF-B. The Motley Fool recommends CMCSA and TWX. The Motley Fool has a disclosure policy.
Amazon’s voice-oriented “Alexa everywhere” strategy is paying off. The company’s AI-powered voice assistant, Alexa, runs on 68% of the smart speakers sold so far in 2017 in the US,accordingto data from Strategy Analytics.
This includes Echos created by Amazon and other third-party smart speakers with built-in Alexa support. Meanwhile, Google Assistant runs on just over 20% of the smart speakers sold during the year.
The leading voice assistant vendors, Amazon and Google, are going toe-to-toe to capture a greater foothold in the voice assistant landscape, both announcing updates to their platformsThursday.
Amazon’s Alexa can now recognize individual voices to service multiple users.Distinguished voice profiles enable Alexa topersonalizeits responses for everyone in the home, allowing multiple user accounts to interact with the voice assistant. The update comes months after Googleintroducedthe same capability in April.
Google teamed up with Target to enable voice-activated shopping.Shoppers can make Targetpurchasesusing Google Express, the company’s voice-activated shopping platform, through a Google-Assistant-enabled device or smartphone. Earlier in the year, Google announced a partnershipwith Walmart to offer personalized voice shopping. These moves are part of Google’s strategy to increase the footprint of its voice assistant, as customers of both Walmart and Target — Amazon’s biggest rivals — use Google Assistant, as opposed to Alexa, for online ordering.
But first-party manufacturers’ dominance over the smart speaker market may be short-lived. Although Amazon, Google, and Chinese tech giant Baidu will account for the overwhelming majority of smart speaker sales this year, their dominance will cool by 2020, with their collective share of the market expected to drop to under 70%. These companies will begin focusing on developing their voice assistants, leaving third-party manufacturers to run hardware developments of smart speaker devices.
Meanwhile, Apple is building up an ecosystem of voice-connected devices, which is well positioned to corner off a swath of the voice market. The company is banking on its heavily integrated ecosystem to drive the adoption and usage of Siri. For instance, Apple integrated Siri into the iPhone, Apple Watch, Apple TV, Mac, Airpods, as well as the upcoming HomePod. A vast ecosystem of connected devices will boost Siri’s reach and dominance in the voice assistant landscape.
Identifies the major changes in technology and user behavior that have created the voice assistant market that exists today.
Presents the major players in today’s market and discusses their major weaknesses and strengths.
Explores the impact this nascent market poses to other key digital industries.
Identifies the major hurdles that need to be overcome before intelligent voice assistants will see mass adoption.
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]]>https://briefnews.eu/amazons-alexa-is-dominating-the-smart-speaker-landscape-amzn-goog-googl/feed/0China sets its sights on dominating sunrise industries
https://briefnews.eu/china-sets-its-sights-on-dominating-sunrise-industries/
https://briefnews.eu/china-sets-its-sights-on-dominating-sunrise-industries/#respondFri, 22 Sep 2017 06:06:12 +0000http://briefnews.eu/china-sets-its-sights-on-dominating-sunrise-industries/
IN RECENT days China set the record for the world’s fastest long-distance bullet train, which hurtled between Beijing and Shanghai at 350kph (217mph). This was a triumph of industrial policy as much as of engineering. China’s first high-speed trains started rolling only a decade ago; today the country has 20,000km of high-speed track, more than the rest of the world combined. China could not have built this without a strong government. The state provided funds for research, land for tracks, aid for loss-making railways, subsidies for equipment-makers and, most controversially, incentives for foreign companies to share commercial secrets.
High-speed rail is a prime example of the Chinese government’s prowess at identifying priority industries and deploying money and policy tools to nurture them. It inspires awe of what it can accomplish and fear that other countries stand little chance against such a formidable competitor. Yet there have also been big industrial-policy misses,…